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Jan 15, 2013
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that's because during the fiscal cliff debate, congress allowed a temporary cut in social security taxes to expire, mean that social security taxes have increase thousand by 2%. economists anticipate the payroll increase tax hike will reduce u.s. house hold incomes by a collective $125 billion this year. >>> a another brutely cold night and into tomorrow morning. it is going to be freezing and below freezing once again. a look here at the pattern. we remain with the trough to the east of us. a ridge of high pressure to the west, but this ridge is slowly nudging east, and eventually, by midweek wednesday and lasting into the weekend, it will be overis, and that is going to bringis warmer weather. so warmer weather on the horizon, it's not going to be here in time for tomorrow morning. tomorrow morning very cold once again. lows sinking back into the 20s and 30s. if you're just joining us, freeze and frost advisories once again, freeze for our inland valley location,, that frost will be with you as you start the day, perhaps even a little bit of black ice. tomorrow morning 27 in santa rosa
that's because during the fiscal cliff debate, congress allowed a temporary cut in social security taxes to expire, mean that social security taxes have increase thousand by 2%. economists anticipate the payroll increase tax hike will reduce u.s. house hold incomes by a collective $125 billion this year. >>> a another brutely cold night and into tomorrow morning. it is going to be freezing and below freezing once again. a look here at the pattern. we remain with the trough to the east...
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Jan 2, 2013
01/13
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i -- there's basically three more fiscal cliffs that congress is facing right now, right? >> reporter: the debt limit in february. the automatic march and the third is a temporary budget runs out -- runs out at the end of march. that will present more situations and battling. it might be a very rough start to the new year in terms of political battling between democrats and republicans. of course, the white house, as well. >> all right. jamie dupree, joining us live from washington, d.c. you can find a link to jamie's blog at ktvu.com. pull down the news bar. >>> all right, tori. 7:20. for the first time there is a new study that says fructose sugar may make you overeat. tests show that fructose, a type of sugar can cause changes in the brain that make you overeat the -- overeat. it found drinking a beverage with fructose, the brain does not register the feeling of being full like with other simple sugars. although the study doesn't prove it causes obesity, it does add to the evidence it may contribute to it. >> something to think about in the new year. >>> 7:20. it's real
i -- there's basically three more fiscal cliffs that congress is facing right now, right? >> reporter: the debt limit in february. the automatic march and the third is a temporary budget runs out -- runs out at the end of march. that will present more situations and battling. it might be a very rough start to the new year in terms of political battling between democrats and republicans. of course, the white house, as well. >> all right. jamie dupree, joining us live from washington,...
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Jan 2, 2013
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ceiling. >> three set up three more fiscal cliffs. we are gonna look back on this night and regret it. >> president obama rejoined his family in hawaii this morning. the white house had no immediate details when the president will receive and sign the bill. >>> well, stocks are sharply higher due to the fiscal cliff deal but some market watchers are cautioning that the euphoria could be short-lived because of the many challenging issues that remain unresolved. the dow is slightly off, but remaining up more than 200 points. it's up now 235 at 13,339. well, despite the fiscal cliff deal, everyone's paycheck will still be at least a little bit smaller this year. ktvu's janine de la vega is in los gatos to explain about the end of the payroll tax holiday. >> reporter: good afternoon. this tax cut has expired and it will affect every wage earner. most people that we spoke to this morning had no idea that it would affect their paychecks this year. now, here's what workers need to know -- the -- the past two years, americans were enjoying a
ceiling. >> three set up three more fiscal cliffs. we are gonna look back on this night and regret it. >> president obama rejoined his family in hawaii this morning. the white house had no immediate details when the president will receive and sign the bill. >>> well, stocks are sharply higher due to the fiscal cliff deal but some market watchers are cautioning that the euphoria could be short-lived because of the many challenging issues that remain unresolved. the dow is...
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Jan 2, 2013
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kyla. >> reporter: dave, the fiscal cliff deadline is one of several congress has to beat otherwise our congress will face dire problems. last night the house voted 257- 167 to approve the senate legislation passed less than 24 hours ago. california congress democrats both abstained from voting. their last day of work is tomorrow. their main points of the deal the income tax rate is going up only on households making $450,000 a year. and individuals making $400,000. federal unemployment benefits continued this year for two million americans. two other major fights are coming. the country is hitting the debt ceiling without raising it they would -- congress temporarily pushed off deep government spending cuts. >> there will be more deficit reduction as congress decides what to do with the automatic spending cuts we have now delayed for two months. >> reporter: we're already getting a look at how world markets are reacting to the legislation. more on that when i see you next. live in washington kyla campbell ktvu channel 2 news. >> we have much more on the fiscal cliff vote on our channel
kyla. >> reporter: dave, the fiscal cliff deadline is one of several congress has to beat otherwise our congress will face dire problems. last night the house voted 257- 167 to approve the senate legislation passed less than 24 hours ago. california congress democrats both abstained from voting. their last day of work is tomorrow. their main points of the deal the income tax rate is going up only on households making $450,000 a year. and individuals making $400,000. federal unemployment...
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Jan 2, 2013
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congress' inability to resolve the fiscal cliff. >> i think it's absolutely ridiculous that they can't come to some terms. >> they not only have known about it, they created it. it's ridiculous. >> i think it's a good thing that they're taking their time and trying to make the right choice. i want to believe they're doing the best job they can. >> reporter: unless changes ensue, individual tax rates go up sharply. a brutal alternative minimum tax will hit 30 million americans. new taxes to pay for the affordable care act, so-called obamacare will also be collected and deductions will be lost. >> we should fire the whole house of representatives for not doing their job. anybody else in a position of responsibility would be expected to do their job or they would lose their job. >> reporter: the defense department would have to make massive cuts. all other government agencies will have to come one equal yet undetermined cuts meaning loss of government benefits as well as public and private sector jobs. extended unemployment benefits are canceled. doctors are hit with a 30% deduction in me
congress' inability to resolve the fiscal cliff. >> i think it's absolutely ridiculous that they can't come to some terms. >> they not only have known about it, they created it. it's ridiculous. >> i think it's a good thing that they're taking their time and trying to make the right choice. i want to believe they're doing the best job they can. >> reporter: unless changes ensue, individual tax rates go up sharply. a brutal alternative minimum tax will hit 30 million...
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Jan 2, 2013
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. >>> the last minute deal to avoid the fiscal cliff prevented an income in taxes. coming up at 6:15 the two big pieces of unfinished business. the new session of congress will have to deal with in the coming weeks. >>> time is 6:07. a deadly high speed crash in san francisco right outside of a liquor store is still the focus of a police investigation and the arrest of the driver was all caught on video. this happened yesterday morning. you see the police officers have guns drawn. moving in on the unidentified suspects car. the suspect was arrested. he's being treated for minor injuries police also say they found a gun inside the car. minutes before the arrest though the driver crashed into a white toyota at 21st and south vaness. sending it flying through a liquor store. police say this all started with an earlier report of shots fired from a car at a nearby public housing complex. police later pulled over the driver but the driver sped away. >> as officers approached the vehicle, the vehicle took off at a high rate of speed and ran through the next two intersectio
. >>> the last minute deal to avoid the fiscal cliff prevented an income in taxes. coming up at 6:15 the two big pieces of unfinished business. the new session of congress will have to deal with in the coming weeks. >>> time is 6:07. a deadly high speed crash in san francisco right outside of a liquor store is still the focus of a police investigation and the arrest of the driver was all caught on video. this happened yesterday morning. you see the police officers have guns...
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Feb 10, 2013
02/13
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. >> congress put off the so- called sequester as part of the last-minute fiscal cliff deal on new year's day. if a spending deal is not reached, more than $500 billion will be cut from the defense department and other national security agencies. >>> the boeing aircraft company today sent one of its 787 dreamliner jets on a test flight. 50 of the jets have been grounded worldwide because of fears about fires from the plane's lithium ion batteries. a 787 took off today from boeing field in seattle and spent almost two hours flying more than 1100 miles. boeing said the purpose of the flight was to gather more information about those batteries. >>> continuing coverage now, on our world series champion san francisco giants. thousands of people packed at&t park today for this year's fan fest. take a look. looks like no one left disappointed. >> let's go, giants! >> reporter: they call it fan fest, but it was more like a lovefest. >> i've always liked the giants. i grew up liking the giants. >> that was the best part of my day so far and i got the high- five! >> reporter: people who live and br
. >> congress put off the so- called sequester as part of the last-minute fiscal cliff deal on new year's day. if a spending deal is not reached, more than $500 billion will be cut from the defense department and other national security agencies. >>> the boeing aircraft company today sent one of its 787 dreamliner jets on a test flight. 50 of the jets have been grounded worldwide because of fears about fires from the plane's lithium ion batteries. a 787 took off today from boeing...
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Feb 6, 2013
02/13
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. >>> president obama is pushing congress to take action in a new warning about the fiscal cliff. he said today that automatic spending cuts don't have to happen if lawmakers can agree on a short term reduction package. they were postponed with a previous short term fix in december while congress works on a long term plan. but those cuts are now scheduled to kick in on march 1st. >> our economy right now is headed in the right direction. and it will stay that way as long as there are no self- inflicted wounds coming out of washington. >> the cuts will reduce federal spending by $8,500 split eventually between military and domestic programs. >>> we told you at 5:00 that the remains of richard the iii had been found. well tonight we're getting an idea of what he looked like when he was alive and here he is. this sculpture is based on the remains of its skull. the 15th century english king was known as an evil hunch back. britain is now preparing to rebury the mononarc. >>> a young woman is spending the next month in a florida jail because of something she said and did in court. >> d
. >>> president obama is pushing congress to take action in a new warning about the fiscal cliff. he said today that automatic spending cuts don't have to happen if lawmakers can agree on a short term reduction package. they were postponed with a previous short term fix in december while congress works on a long term plan. but those cuts are now scheduled to kick in on march 1st. >> our economy right now is headed in the right direction. and it will stay that way as long as there...
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Jan 5, 2013
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. >>> your tax refund could be coming late they are year and you can blame the fiscal cliff deal. they will issue tax forms based on the laws. the agency will not start accepting tax returns. but two years ago congress was in a similar bind. and tax season didn't begin till mid-february. >>> minority house leader nancy pilosi is depending a photo depicting women democrats in the state. she's calling it and accurate historical error. the problem that the critics have with the image. >>> two san jose men that were supposed to be spending the rest of their lives in prison will be released next week. the judge found that the men do not pose a serious risk to the public. >>> sheriff deputies are looking for the gunmen that fired dozens of shots last night in richmond last night outside the season set market on the corner of fifth and chessly avenue. they describe hearing about 40 gunshots in all. two of the victims were found at the scene while a woman was dropped off at the doctor's medical center suffering if a gun -- suffering from a gunshot wound. >>> the applicants are taking the
. >>> your tax refund could be coming late they are year and you can blame the fiscal cliff deal. they will issue tax forms based on the laws. the agency will not start accepting tax returns. but two years ago congress was in a similar bind. and tax season didn't begin till mid-february. >>> minority house leader nancy pilosi is depending a photo depicting women democrats in the state. she's calling it and accurate historical error. the problem that the critics have with the...